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NCGI
Next Century Growth Investors Portfolio holdings
AUM
$1.38B
1-Year Est. Return
102.34%
This Fund
S&P 500
This Quarter
Est. Return
+25.22%
1 Year Est. Return
+102.34%
3 Year Est. Return
+305.75%
5 Year Est. Return
+498.06%
10 Year Est. Return
+7,120.12%
AUM
$1.37B
AUM Growth
+$77.5M
(+6%)
Cap. Flow
-$62.3M
Cap. Flow
% of AUM
-4.54%
Top 10 Holdings %
Top 10 Hldgs %
28.12%
Holding
157
New
34
Increased
59
Reduced
31
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pagaya Technologies
PGY
|
+$21.3M |
| 2 |
Impinj
PI
|
+$16.5M |
| 3 |
Planet Labs
PL
|
+$13.7M |
| 4 |
MP Materials
MP
|
+$12.8M |
| 5 |
Mirum Pharmaceuticals
MIRM
|
+$10.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PAR Technology
PAR
|
+$29M |
| 2 |
Vericel Corp
VCEL
|
+$28.5M |
| 3 |
CareDx
CDNA
|
+$22M |
| 4 |
Sterling Infrastructure
STRL
|
+$17.3M |
| 5 |
EXL Service
EXLS
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 29.67% |
| 2 | Technology | 28.26% |
| 3 | Healthcare | 19.56% |
| 4 | Consumer Staples | 8.43% |
| 5 | Financials | 6.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Owlet
OWLT
$161M
| $3.47M | 0.25% |
409,500
+212,683
| +108% | +$1.68M |
|
102
Visa
V
$679B
| $3.24M | 0.24% |
9,500
+63
| +0.7% | +$21.8K |
|
103
Oracle
ORCL
$417B
| $3.21M | 0.23% |
+11,402
| New | +$2.9M |
|
104
Kura Sushi USA
KRUS
$592M
| $3.07M | 0.22% |
51,666
+15,302
| +42% | +$1.22M |
|
105
ServiceNow
NOW
$131B
| $2.96M | 0.22% |
16,105
-5,125
| -24% | -$957K |
|
106
Mastercard
MA
$496B
| $2.88M | 0.21% |
5,069
+34
| +0.7% | +$19.5K |
|
107
MongoDB
MDB
$35B
| $2.79M | 0.2% |
+8,977
| New | +$2.31M |
|
|
AXON
108
Axon Enterprise
AXON
$51.3B
| $2.67M | 0.19% |
3,726
+20
| +0.5% | +$15.2K |
|
109
Guidewire Software
GWRE
$14.6B
| $2.67M | 0.19% |
11,601
+59
| +0.5% | +$13.4K |
|
110
GE Vernova
GEV
$269B
| $2.57M | 0.19% |
+4,187
| New | +$2.54M |
|
111
Frequency Electronics
FEIM
$817M
| $2.48M | 0.18% |
+73,066
| New | +$2.03M |
|
112
Intapp
INTA
$3.07B
| $2.44M | 0.18% |
59,757
-73,514
| -55% | -$3.18M |
|
113
Robinhood
HOOD
$84.3B
| $2.43M | 0.18% |
+16,956
| New | +$1.85M |
|
114
Amprius Technologies
AMPX
$1.73B
| $2.41M | 0.18% |
+228,628
| New | +$1.8M |
|
115
Caterpillar
CAT
$390B
| $2.4M | 0.18% |
5,032
+27
| +0.5% | +$11.5K |
|
116
Insmed
INSM
$29.3B
| $2.28M | 0.17% |
+15,849
| New | +$1.94M |
|
117
Spotify
SPOT
$104B
| $2.13M | 0.16% |
3,058
+18
| +0.6% | +$12.6K |
|
118
Carvana
CVNA
$78.8B
| $2.11M | 0.15% |
27,955
+170
| +0.6% | +$12.2K |
|
119
Netflix
NFLX
$313B
| $1.96M | 0.14% |
16,310
-33,660
| -67% | -$4.11M |
|
120
Boston Scientific
BSX
$74.2B
| $1.88M | 0.14% |
19,244
-35,251
| -65% | -$3.65M |
|
121
Progressive
PGR
$124B
| $976K | 0.07% |
3,954
-15,485
| -80% | -$3.82M |
|
122
CrowdStrike
CRWD
$226B
| $957K | 0.07% |
7,804
+40
| +0.5% | +$4.55K |
|
123
SI-BONE Inc
SIBN
$854M
| $344K | 0.03% |
23,341
-233,004
| -91% | -$3.8M |
|
|
MPTI.WS
124
DELISTED
M-tron Industries Warrants
MPTI.WS
| $123K | 0.01% |
70,349
-257
| -0.4% | -$409 |
|
125
ACV Auctions
ACVA
$1.31B
| – | – |
-962,921
| Closed | -$15.6M |
|
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Next Century Growth Investors's Q3 2025 Portfolio in Review
As of Q3 2025, Next Century Growth Investors held 157 positions worth $1.37B, up 6% from $1.29B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Next Century Growth Investors withdrew a net $62.3M in Q3 2025, closing 33 positions and reducing 31 holdings. Its most notable exit was PAR Technology, an estimated $29M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Next Century Growth Investors opened a new position in Pagaya Technologies worth $19.6M.
- Next Century Growth Investors's largest Q3 2025 buy was Pagaya Technologies: 660,608 shares worth $19.6M.
- Next Century Growth Investors added most to Mirum Pharmaceuticals in Q3 2025, an estimated $10.8M increase.
- Next Century Growth Investors's biggest Q3 2025 reduction was Sterling Infrastructure, cutting an estimated $17.3M.
- Next Century Growth Investors fully exited PAR Technology in Q3 2025, selling an estimated $29M.
- Next Century Growth Investors's ten largest holdings make up 28% of its $1.37B portfolio in Q3 2025.
- Next Century Growth Investors opened 34 new positions and closed 33 in Q3 2025.
- Next Century Growth Investors's portfolio value rose 6% quarter-over-quarter to $1.37B.
Based on Next Century Growth Investors's 13F filing for Q3 2025, filed 14 Nov 2025.